Midwest governors met in Chicago today in a show of unity as they push for an eight-state, high-speed rail network – agreeing to set up a group that will coordinate the states’ bid for a share of $8 billion in federal stimulus cash for such projects. The one-day gathering, billed as a Midwest High Speed […]
Regulators have told Irwin Union Bank FSB that it must boost its capital by the end of next month or face the possible
suspension of its business.
Regulators have told Irwin Union Bank FSB that it must boost its capital by the end of next month or face the possible suspension of its business. The bank is the thrift subsidiary of Columbus, Ind.-based Irwin Financial Corp., which has been struggling for more than a year. The order to boost capital from the […]
Hotel occupancy rates are way down in Indianapolis, as they are elsewhere, but local operators and national analysts think
the city is in a good position to bounce back when the economy improves.
Cost management was the operative phrase in the introduction this month of a highway executive to manage the Interstate
69 extension to Evansville.
Hotel sales and marketing executive Michelle Travis is joining the Indianapolis Convention & Visitors Association
as vice president of sales.
Economic development officials like the stability of the food business, though wages typically are mediocre.
Dow AgroSciences has signed a 15-year lease that will spur construction of an 80,000-square-foot research-and-development building, to be erected adjacent to its headquarters in northwest Indianapolis. As a result, the company plans to hire dozens of additional researchers. Dow AgroSciences’ new two-story building will be developed and owned by Indianapolis-based Browning Investments Inc., which also […]
Bank transaction counts—the number of people going into banks to make a deposit, cash a check or
conduct some other form of business—have declined in recent years with the increased popularity
of direct deposit, online banking and easy ATM accessibility. So why add branches?
Comlux Completion USA, a Swiss company that operates two hangers at Indianapolis International Airport, plans a $46.3 million expansion that could create 480 jobs over the next five years, state economic officials announced today. Comlux Completion, part of the Switzerland-based Comlux The Aviation Group, refurbishes and completes interiors for corporate aircraft. The firm, which already […]
The number of newly laid-off workers seeking jobless benefits rose nationally last week, though the government said its report again was distorted by the timing of auto-plant shutdowns. Unemployment insurance claims have declined steadily since the spring, but most private economists and the Federal Reserve expect jobs to remain scarce and the unemployment rate to […]
The economic stimulus package allocated $375 million to the U.S. Small
Business Administration so it could offer more generous terms to small-business borrowers.
One of the city’s golf course operators, Bob Thompson, has donated his earnings from two facilities to a single charitable
cause the past 15 years.
A construction contract to widen a heavily traveled two-lane bypass around two sides of Indiana University’s main campus in Bloomington will be awarded next month. Indiana Department of Transportation spokesman Marvin Jenkins said work on the Indiana 45/46 Bypass project should begin within two months after the contract is awarded Aug. 12. The approximately $44 […]
After I discovered it one summer, Lincoln Amphitheatre quickly became one of my favorite theaters in the state. Nestled
in a state park in Spencer County, the covered-but-still-outdoor theater’s anchoring attraction was a show about young
Abraham Lincoln, who spent his formative years just yards away.
A new business plan is in the works for the high-end Monon Center in Carmel.
Developer Lauth Group Inc. is sparing no expense on attorneys in the Chapter 11 reorganization of key subsidiaries. The company has hired two of the nation’s most prominent bankruptcy and restructuring specialists to handle the cases, and the bill for the first month easily will exceed $1 million.
The Indianapolis Airport Authority, facing a $15 million budget shortfall on declining passenger and cargo traffic, plans to sell the former ATA Airlines Inc. headquarters and might raise parking fees. A memo prepared for tomorrow’s airport board meeting says Indianapolis-based Paul Kite Co. plans to buy the former ATA site at Girls School Road and […]
Indianapolis officials are hoping to land $8 million in energy-efficiency and conservation-block grants from the federal stimulus program. The city has submitted eight projects to the U.S. Department of Energy for funding consideration. A total of 450 counties are eligible for the grants. The largest expenditure is $3.3 million for construction of 17 miles of […]
A new Indiana Department of Transportation appointee will initially focus his efforts on the Interstate 69 expansion through central and southern Indiana. INDOT Commissioner Michael Reed has chosen Sam Sarvis as the agency’s deputy commissioner for major program management. His appointment was announced yesterday. Reed said Sarvis has experience with local and state highway construction. […]
